Cybersecurity startup TAC Security gets pre-Series A funding

Cybersecurity startup TAC Security gets pre-Series A funding

TAC Security Solutions, which provides cybersecurity solutions to corporate clients, has secured an undisclosed amount of funding in a pre-Series A round from Vijay Kedia.

Kedia is a stock market investor, managing director of Kedia Securities Pvt. Ltd and director of three-wheeler maker Atul Auto Ltd, the company said in a statement.

TAC Security now plans to close its Series A funding of $10 million within this financial year.

"It is estimated that every minute, half a million attack attempts are happening in cyberspace. I believe the opportunities available in this space would possibly beat the estimations of $170 billion by 2020 and grow further," said Kedia.

Kedia will join the company's board as a non-executive director and help expand TAC's business globally. TAC Security had previously inducted Subinder Khurana, a former vice president at Cognizant, to its board, the statement said.

The startup was founded in 2013 by 21-year-old Trishneet Arora, a cybersecurity expert and ethical hacker. TAC counts Reliance Industries Ltd, Gujarat Police, Punjab Police, International Tractors Ltd, Amul, Avon Cycles, and the Central Bureau of Investigation as its clients.